Meituan’s founder and chief executive Wang Xing (centre right, wearing white shirt and glasses) in the live broadcast of the Communist Party’s centenary celebrations. Photo: CCTV
Do invitations to CCP’s Beijing party bring relief to investors?
  • Their attendance at such a high-level gathering will be seen as a signal that top policymakers are softening their stance towards the two companies
  • Food delivery giant Meituan is under investigation by antitrust watchdogs, while developer China Evergrande has faced pressure to clear its debts
1 Jul 2021 - 10:41PM